Week One How does the statement of functional expenses differ from the
statement of activities? What is the difference between a revenue center and an ...
The FASB does not require the statement of functional expenses for every
nonprofit ... of financial position, the statement of activities, and the statement of
cash flows. ... What is the difference between a balance sheet of a nonprofit
The Statement of Functional Expense attempts to measure a non profit's
efficiency. ... budgeting, and finance and other management and administrative
activities. ... For example, AIP may differ with a group's decision that the cost of
acquiring ... and which do not just by looking at their Statements of Functional
the statements stated in the Form 990 differ from those in audited financial ...
However, the accounting equation does not provide information on how or ..... In
the Statement of Activities, the expenses are divided into three functional
Net assets consist of the difference between what you own and what you owe,
and are broken down into donor-restricted ... For instance, depreciation is an
expense in your activities statement but does not require cash. ... Functional
Expenses for nonprofit organizations are grouped in functional categories as
either program or ... The answer has to do with the users of the financial
This article explores the statement of activities, its unique design, and the ... and
expenses or expenditures, and often calculates the difference between them. ...
indirect expenses to the functional or programmatic categories, but if they do,
Jun 30, 2014 ... We have audited the accompanying financial statements of Habitat for ... and the
related statements of activities, functional expenses and .... Actual results could
differ from those estimates. .... June 30, 2014, there were no homes in default and
the Organization does not expect any of the current mortgages.
Statement of Activities and Changes in Net Assets. ... of June 30, 2015, and the
related statements of activities, functional expense, change in net .... These
services have not otherwise been included in the financial statements, as they do
not meet the criteria established by ... Actual results could differ from those
Jun 19, 2013 ... A Financial Statements Series A Statement of Activities is similar to a Statement
of Revenue and Expenses. Because nonprofits have an ...